17224 Federal Register / Vol. 72, No. 66 / Friday, April 6, 2007 / Notices 

(d) Ways to minimize the burden of 

information collections on respondents, 

including through the use of automated 

collection techniques or other forms of 

information technology; and 

(e) Estimates of capital or start up 

costs and costs of operation, 

maintenance, and purchase of services 

to provide information. 

Comments submitted in response to 

this notice will be shared among the 

Agencies. Unless otherwise afforded 

confidential treatment pursuant to 

Federal law, all comments will become 

a matter of public record. 

Dated: March 16, 2007. 

Stuart E. Feldstein, 

Assistant Director, Legislative and Regulatory 

Activities Division, Office of the Comptroller 

of the Currency. 

Board of Governors of the Federal Reserve 

System, April 2, 2007. 

Jennifer J. Johnson, 

Secretary of the Board. 

Dated at Washington, DC, this 23rd day of 

March, 2007. 

Federal Deposit Insurance Corporation. 

Robert E. Feldman, 

Executive Secretary. 

Dated: March 29, 2007. 

Deborah Dakin, 

Senior Deputy Chief Counsel, Regulations and 

Legislation Division, Office of Thrift 

Supervision. 

[FR Doc. 07–1708 Filed 4–5–07; 8:45 am] 

BILLING CODE 4810–33–P; 6210–01–P; 6714–01–P; 

6720–01–P 

DEPARTMENT OF THE TREASURY 

Office of the Comptroller of the 

Currency 

Agency Information Collection 

Activities: Submission for OMB 

Review; Comment Request 

AGENCY: Office of the Comptroller of the 

Currency, Treasury. 

ACTION: Notice and request for comment. 

SUMMARY: The OCC, as part of its 

continuing effort to reduce paperwork 

and respondent burden, invites the 

general public and other Federal 

agencies to comment on a continuing 

information collection, as required by 

the Paperwork Reduction Act of 1995. 

An agency may not conduct or sponsor, 

and a respondent is not required to 

respond to, an information collection 

unless it displays a currently valid 

Office of Management and Budget 

(OMB) control number. The OCC is 

soliciting comment concerning an 

extension of OMB approval of the 

information collection titled, 

‘‘Disclosure and Reporting of CRARelated Agreements (12 CFR part 35).’’

The OCC also gives notice that it has 

sent the information collection to OMB 

for review and approval. 

DATES: Comments must be submitted on 

or before May 7, 2007. 

ADDRESSES: Communications Division, 

Office of the Comptroller of the 

Currency, Public Information Room, 

Mailstop 1–5, Attention: 1557–0219, 

250 E Street, SW., Washington, DC 

20219. In addition, comments may be 

sent by fax to (202) 874–4448, or by 

electronic mail to 

regs.comments@occ.treas.gov. You can 

inspect and photocopy the comments at 

the OCC’s Public Information Room, 250 

E Street, SW., Washington, DC 20219. 

You can make an appointment to 

inspect the comments by calling (202) 

874–5043. 

Additionally, you should send a copy 

of your comments to OCC Desk Officer, 

1557–0219, by mail to U.S. Office of 

Management and Budget, 725 17th 

Street, NW., #10235, Washington, DC 

20503, or by fax to (202) 395–6974. 

FOR FURTHER INFORMATION CONTACT: You 

can request additional information or a 

copy of the collection and supporting 

documentation submitted to OMB by 

contacting: Mary Gottlieb or Camille 

Dickerson, (202) 874–5090, Legislative 

and Regulatory Activities Division, 

Office of the Comptroller of the 

Currency, 250 E Street, SW., 

Washington, DC 20219. 

SUPPLEMENTARY INFORMATION: 

Title: Disclosure and Reporting of 

CRA-Related Agreements (12 CFR Part 

35). 

OMB Number: 1557–0219. 

Type of Review: Extension of a 

currently approved collection. 

Description: This submission covers 

an existing regulation and involves no 

change to the regulation, the 

information collection requirements, or 

the burden estimates. The OCC requests 

only that OMB extend its approval of 

the information collection. 

National banks and their affiliates 

(hereinafter referred to collectively as 

national banks) occasionally enter into 

agreements with nongovernmental 

entities or persons (NGEPs) that are 

related to national banks’ Community 

Reinvestment Act (CRA) 

responsibilities. Section 48 of the 

Federal Deposit Insurance Act (FDI Act) 

requires disclosure of certain of these 

agreements, and imposes reporting 

requirements on national banks and 

other insured depository institutions 

(IDIs), their affiliates, and NGEPs. 12 

U.S.C. 1831y. As mandated by the FDI 

Act, the OCC, the Federal Deposit 

Insurance Corporation, the Federal 

Reserve Board, and the Office of Thrift 

Supervision issued regulations to 

implement these disclosure and 

reporting requirements. The reporting 

provisions of these regulations 

constitute collections of information 

under the Paperwork Reduction Act 

(PRA). The regulation issued by the 

OCC is codified at 12 CFR 35; the 

collections of information contained in 

that regulation are known as ‘‘CRA 

Sunshine.’’

Section 48 of the FDI Act applies to 

written agreements that: (1) are made in 

fulfillment of the CRA, (2) involve funds 

or other resources of an IDI or affiliate 

with an aggregate value of more than 

$10,000 in a year, or loans with an 

aggregate principal value of more than 

$50,000 in a year, and (3) are entered 

into by an IDI or affiliate of an IDI and 

a NGEP. 12 U.S.C. 1831y(e). 

The parties to a covered agreement 

must make the agreement available to 

the public and the appropriate agency. 

The parties also must file a report 

annually with the appropriate agency 

concerning the disbursement, receipt 

and use of funds or other resources 

under the agreement. The collections of 

information in CRA Sunshine 

implement these statutorily mandated 

disclosure and reporting requirements. 

The parties to the agreement may 

request confidential treatment of 

proprietary and confidential 

information in an agreement or annual 

report. 12 CFR 35.8. 12 U.S.C. 1831y(a)–

(c). 

The information collections are found 

in 12 CFR 35.4(b); 35.6(b)(1); 35.6(c)(1); 

35.6(d)(1)(i) and (ii); 35.6(d)(2); 35.7(b); 

and 35.7(f)(2)(ii). 

Affected Public: Individuals; 

Businesses or other for-profit. 

Burden Estimates: 

Estimated Number of Respondents: 

362. 

Estimated Total Annual Responses: 

2,813. 

Estimated Total Annual Burden: 

3,899 hours. 

Frequency of Response: On occasion. 

Comments: A 60-day Federal Register 

notice was issued on January 16, 2007 

(72 FR 1802). No comments were 

received. Comments continue to be 

invited on: 

(a) Whether the collection of 

information is necessary for the proper 

performance of the functions of the 

agency, including whether the 

information has practical utility; 

(b) The accuracy of the agency’s 

estimate of the burden of the collection 

of information; 

(c) Ways to enhance the quality, 

utility, and clarity of the information to 

be collected; 


pwalker on PROD1PC71 with NOTICES
Federal Register / Vol. 72, No. 66 / Friday, April 6, 2007 / Notices 17225 

(d) Ways to minimize the burden of 

the collection on respondents, including 

through the use of automated collection 

techniques or other forms of information 

technology; and 

(e) Estimates of capital or startup costs 

and cost of operation, maintenance, and 

purchase of services to provide 

information. 

Dated: March 30, 2003. 

Stuart Feldstein, 

Assistant Director, Legislative and Regulatory 

Activities Division. 

[FR Doc. E7–6419 Filed 4–5–07; 8:45 am] 

BILLING CODE 4810–33–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Form 970 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice and request for 

comments. 

SUMMARY: The Department of the 

Treasury, as part of its continuing effort 

to reduce paperwork and respondent 

burden, invites the general public and 

other Federal agencies to take this 

opportunity to comment on proposed 

and/or continuing information 

collections, as required by the 

Paperwork Reduction Act of 1995, 

Public Law 104–13 (44 U.S.C. 

3506(c)(2)(A)). Currently, the IRS is 

soliciting comments concerning Form 

970, Application To Use LIFO Inventory 

Method. 

DATES: Written comments should be 

received on or before June 5, 2007 to be 

assured of consideration. 

ADDRESSES: Direct all written comments 

to Glenn P. Kirkland Internal Revenue 

Service, room 6516, 1111 Constitution 

Avenue, NW., Washington, DC 20224. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of the form and instructions 

should be directed to R. Joseph Durbala 

at Internal Revenue Service, room 6516, 

1111 Constitution Avenue, NW., 

Washington, DC 20224, or at (202) 622–

3634, or through the internet at 

RJoseph.Durbala@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Application To Use LIFO 

Inventory Method. 

OMB Number: 1545–0042. 

Form Number: Form 970. 

Abstract: Form 970 is filed by 

individuals, partnerships, trusts, estates, 

or corporations to elect to use the lastin first-out (LIFO) inventory method or 

to extend the LIFO method to additional 

goods. The IRS uses Form 970 to 

determine if the election was properly 

made. 

Current Actions: There are no changes 

being made to the form at this time. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Business or other forprofit organizations and individual or 

households. 

Estimated Number of Respondents: 

2000. 

Estimated Time Per Respondent: 12 

hours, 24 minutes. 

Estimated Total Annual Burden 

Hours: 24,800. 

The following paragraph applies to all 

of the collections of information covered 

by this notice: 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

unless the collection of information 

displays a valid OMB control number. 

Books or records relating to a collection 

of information must be retained as long 

as their contents may become material 

in the administration of any internal 

revenue law. Generally, tax returns and 

tax return information are confidential, 

as required by 26 U.S.C. 6103. 

Request for Comments: Comments 

submitted in response to this notice will 

be summarized and/or included in the 

request for OMB approval. All 

comments will become a matter of 

public record. Comments are invited on: 

(a) Whether the collection of 

information is necessary for the proper 

performance of the functions of the 

agency, including whether the 

information shall have practical utility; 

(b) the accuracy of the agency’s estimate 

of the burden of the collection of 

information; (c) ways to enhance the 

quality, utility, and clarity of the 

information to be collected; (d) ways to 

minimize the burden of the collection of 

information on respondents, including 

through the use of automated collection 

techniques or other forms of information 

technology; and (e) estimates of capital 

or start-up costs and costs of operation, 

maintenance, and purchase of services 

to provide information. 

Approved: March 27, 2007. 

Glenn P. Kirkland, 

IRS Reports Clearance Officer. 

[FR Doc. E7–6397 Filed 4–5–07; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Form 1099–INT 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice and request for 

comments. 

SUMMARY: The Department of the 

Treasury, as part of its continuing effort 

to reduce paperwork and respondent 

burden, invites the general public and 

other Federal agencies to take this 

opportunity to comment on proposed 

and/or continuing information 

collections, as required by the 

Paperwork Reduction Act of 1995, 

Public Law 104–13 (44 U.S.C. 

3506(c)(2)(A)). Currently, the IRS is 

soliciting comments concerning Form 

1099–INT, Interest Income. 

DATES: Written comments should be 

received on or before June 5, 2007 to be 

assured of consideration. 

ADDRESSES: Direct all written comments 

to Glenn P. Kirkland, Internal Revenue 

Service, room 6516, 1111 Constitution 

Avenue, NW., Washington, DC 20224. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of the form and instructions 

should be directed to R. Joseph Durbala, 

at (202) 622–3634, or at Internal 

Revenue Service, room 6516, 1111 

Constitution Avenue, NW., Washington, 

DC 20224, or through the Internet, at 

RJoseph.Durbala@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Interest Income. 

OMB Number: 1545–0112. 

Form Number: 1099–INT. 

Abstract: Form 1099–INT is used for 

reporting interest income paid, as 

required by sections 6049 and 6041 of 

the Internal Revenue Code. The IRS uses 

the form to verify compliance with the 

reporting rules and to verify that the 

recipient has included the proper 

amount of interest on his or her income 

tax return. 

Current Actions: Two lines have been 

added to the form since the last 

submission for approval. 

Type of Review: Revision of a 

currently approved collection. 

Affected Public: Business or other forprofit organizations, Federal 

Government, individuals or households, 

and not-for-profit institutions. 

Estimated Number of Responses: 

275,797,664. 

Estimated Time Per Response: 14 

minutes. 

Estimated Total Annual Burden 

Hours: 63,223,463. 


pwalker on PROD1PC71 with NOTICES